Press release Description

Albany, New York, January 11, 2019: Electric power requirements are considerably ascending and the vehicular power management system becomes imperative for combat vehicles. Though hybrid electric vehicle technologies are developing in civilian sectors, the idea of combat vehicle with electric drive systems is gaining momentum. The electric hub drive and electric propulsion system market for combat vehicle is witnessing remarkable growth owing to surge in adoption of military combat vehicle, mainly to operate in desert regions and hilly areas.

There has been notable surge in the defense and military spending globally as world powerhouse show their might. Along with the increase in defense budget, the soaring security concern is slated to augment the growth of electric hub drive and electric propulsion system for combat vehicle market. These insights are according to the report titled, “Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately encompassed in the extensive repository of Market Research Reports Search Engine (MRRSE).

The military has normally paved way for advancement of technologies for warfare and defense. Recently, The U.S military made some considerable investment in electronic vehicles as Defense Advanced Research Projects Agency (DARPA) lately showcased extreme in-hub electric motors vehicles with military applications. DARPA, in August 2016, declared a USD 2.7 million investment in QinetiQ’s electric hub-drive technology. The technology has the capability to improve present-day military vehicle. For instance, present day multiple-wheeled infantry vehicle retrofitted with the hub-drive system could use the agility and extra power which comes with reduced weight and use the savings to purchase additional equipment, armor or personnel.

The report offers a thorough analysis on the electric hub drive and electric propulsion system market for the forecast period 2018-2026. The report delineates drivers, restraints, opportunities and trends influencing the growth of electric hub drive and electric propulsion system market for combat vehicle. The report also segregates the market to provide an in-depth analysis on the basis of technology, vehicle type and geography.

The report begins with executive summary followed by market overview. The market overview incorporates market revenue projections and value chain analysis. In order to give insights on competitive landscape, report also delves into Porters’ Five Force Analysis. Further, the report encompasses market attractiveness and comparison matrix.

The final section elucidates competitive landscape of the electric hub drive and electric propulsion system market for combat vehicle with a dashboard view. The section includes company overview, financial overview, strategies, recent development and SWOT analysis. Some of the companies operating in the market included in the report are QinetiQ Group Plc, BAE systems, The Raytheon Company, Aerojet Rocketdyne Holidngs Inc., Magnetic Systems Technology, Northrop Grumman Corporation and General Electric Co., among others.

Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market: Research Methodology

The research methodology in this report includes primary sources, secondary resources and assessment from expert panel for the forecast period 2018-2026. Primary sources include telephonic interviews, face to face interviews, e-mail interactions and honest reviews of the electric hub drive and electric propulsion system for combat vehicle market across regions. Whereas, the secondary sources incorporate annual reports, national government documents, SEC filings, investors’ presentation, World Bank database, internal and external proprietary database, market reports, industry white paper, regulatory database and statistical database. Expert panel rigorously assesses the report in order to provide readers with authentic and unbiased report.

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